GBPUSD Analysis
Hello,
GBPUSD 's monthly pivot point (1M PP) has acted as resistance, leading to further downside towards the yearly pivot point (1Y PP). With the 1-week low at 1.260805 and the 6-month low at 1.24872, further downside is anticipated. However, the reaction to the 1-day strong support level will be crucial; a hold there could trigger a reversal.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
GBPUSD 's monthly pivot point (1M PP) has acted as resistance, leading to further downside towards the yearly pivot point (1Y PP). With the 1-week low at 1.260805 and the 6-month low at 1.24872, further downside is anticipated. However, the reaction to the 1-day strong support level will be crucial; a hold there could trigger a reversal.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.